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IDE's Yoram Dvash: 2017 shaping up to be more positive

After a tough 2015, last year provided the diamond industry with more stability and 2017 could be even better, says Yoram Dvash, President of the Israel Diamond Exchange (IDE) and Vice-President of the World Federation of Diamond Bourses (WFDB). In this...

Today

Education is the most important part of generic diamond promotion effort

The activity of World Diamond Mark® (WDM) established by the World Federation of Diamond Bourses (WFDB) to enhance consumers’ desire to buy natural diamonds is currently focused on the downstream segment of the diamond pipeline in the belief that the...

20 february 2017

There is more growth to come as global market turns to online purchasing

After living in UK and US for a considerable part of his life, Ashraf Ahmed returned to UAE where he lived as a child, only to set up shop in a sector he is passionate about... gem stones and jewellery. A graduate in Business & Finance, Ashraf is adequately...

13 february 2017

Global diamond jewelry sales are expected to decline slightly in 2016 - Bain & Company

Bain & Company, a leading global business consulting firm, offering solutions on issues of strategy and operations, works with over 2,700 major multinational corporations across every economic sector, including the diamond mining industry. Antwerp...

06 february 2017

Kristall is worried about the external environment, which is sometimes changing "categorically"

Kristall Production Corporation is the leader of Russia’s diamond-cutting industry. The company produces almost half of the total amount of diamonds, which are cut and polished in the country. Having over 50 years of diamond manufacturing experience...

30 january 2017

ALROSA Group’s sales come near $4.5 billion in 2016

11 january 2017
ALROSA, the world’s major diamond producer, posted rough and polished diamond sales for December 2016 and interim results for 2016.
Rough diamond sales by ALROSA Group amounted to $ 173 million in December 2016, while polished sales reached $ 3.3 million. Total diamond sales for the month were $ 176.3 million.
“Sales results in December in the small-size segment still reflect weakening of small and middle-size Indian diamond-cutting companies due to the monetary reform underway in this country. Activity in other market segments corresponded to the seasonality of demand and our expectations,” says Yury Okoemov, Vice President of ALROSA.
Preliminary data indicate that ALROSA Group raked in $ 4.486 billion from the sale of rough and polished diamonds in 2016, 26% up versus 2015.


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